Lukoil sells its stake in Venezuela project to Rosneft

MOSCOW Dec 23 (Reuters) - Russia's largest independent oil
producer Lukoil said on Monday it has sold its
20-percent state in a consortium developing a large oil project
in Venezuela to its Russian peer Rosneft.

Lukoil, Russia's No.2 oil producer, last year said it wanted
to sell its stake in the Russian Junin-6 consortium developing
heavy oil in the Orinoco basin, in order to focus on other
projects.

The group is led by Rosneft and also includes Gazprom Neft
.

(Reporting by Lidia Kelly and Olesya Astakhova, editing by
William Hardy)